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Rebalancing Globalization: Perspectives from the Global South

External Publications with Shayak Sengupta • October 01, 2024

"Rebalancing Globalization: Perspectives from the Global South" attempts to provide a framework for the next phase of globalization that is rebalanced and sustainable and can address issues that matter to the Global South.  Edited Volume By Anit Mukherjee, Dhruva Jaishankar, Alan Gelb, Pamla Gopaul, Marta Bengoa, Shayak Sengupta, Aude Darnal, Elizabeth Sidiropoulos, Udaibir Das, Veronica Jijon, and Lorrayne Porciuncula Editors: Anit Mukherjee and Dhruva Jaishankar

BACKGROUND

With the rise of the Global South, the prevailing paradigm of globalization is increasingly being challenged. The next period of the global economy – a rebalanced globalization – will require leadership from countries of the Global South to refocus on pressing developmental challenges facing the world today. This volume explores key objectives of a rebalanced globalization – growth and employment, trade and supply chains, and energy transition – and instruments to achieve them, including reform of global institutions, sustainable financing and inclusive digitalization, from the perspective of the Global South.

Note: Citations and references are available in the PDF version of the edited volume here.

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Oil

America’s Toothless Sanctions on Russian Oil

Last month, the Trump administration imposed fresh sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, signaling a renewed desire to drive Moscow to the negotiating table in its war against Ukraine. But although these measures have the potential to harm the Russian economy, just how much damage they inflict will depend largely on one actor: Beijing. China bought almost half the oil Russia exported in 2024, evading Washington’s existing restrictions in the process. And new sanctions alone will do little to push China into significantly reducing its purchases.

Op-eds & Essays with Erica Downs & Richard Nephew Foreign Affairs • November 24, 2025
America’s Toothless Sanctions on Russian Oil
See All Work

Rebalancing Globalization: Perspectives from the Global South

External Publications with Shayak Sengupta • October 01, 2024